{| |- | $244,334 |}
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9% of 150000 dollars = 150000*9/100 = 13500 dollars 13500 dollars per year = 13500/12 = 1125 dollars per month.
7% of $150,000= 7% * 150000= 0.07 * 150000= $10,500
That depends on how often it's compounded. If it's once a year, 2.27 percent of 150000 is 3405.
477,567
You would need 9687 dollars.